30.12.2015, 01:10
Tsimlyansky's Credit Rating Affirmed
OREANDA-NEWS. National Rating Agency has affirmed its national scale 'A' credit rating on Tsimlyansky JSC. Tsimlyansky's credit rating is an extension of its parent AFG National Group's credit rating, which was first assigned by NRA on Apr. 22, 2013 and affirmed on Aug. 14, 2014.
The current affirmation reflects Tsimlyansky's robust financial profile, low debt and reasonably high capital adequacy and balance-sheet liquidity adequacy and profitability metrics. The company's key financial performance metrics for 3Q 2015 show a predominantly upward trend. In addition, Tsimlyansky is affiliated with AFG National Group, which showed good financial results during the past 12monts (the period under review), according to its consolidated financials.
In NRA's opinion, AFG National Group has good growth prospects, as its production and sales metrics are on a growth path, the operating environment for agricultural producers is favourable, and the Group's sizable investments in capacity expansion and produce diversification are already paying back. All this has been factored in the Positive rating outlook.
Tsimlyansky was founded in Rostov Oblast in 2008. Its principal business area is crop cultivation, in particular, rice growing (80% of total revenue) and wheat growing and sales 910-15% of total revenue). Tsimlyansky is a member company of AFG National Group, 82.6% owned by AFG National LLC, the core operating company of the Group. Therefore, the Group is Tsimlyansky's uiltimate owner.
The current affirmation reflects Tsimlyansky's robust financial profile, low debt and reasonably high capital adequacy and balance-sheet liquidity adequacy and profitability metrics. The company's key financial performance metrics for 3Q 2015 show a predominantly upward trend. In addition, Tsimlyansky is affiliated with AFG National Group, which showed good financial results during the past 12monts (the period under review), according to its consolidated financials.
In NRA's opinion, AFG National Group has good growth prospects, as its production and sales metrics are on a growth path, the operating environment for agricultural producers is favourable, and the Group's sizable investments in capacity expansion and produce diversification are already paying back. All this has been factored in the Positive rating outlook.
Tsimlyansky was founded in Rostov Oblast in 2008. Its principal business area is crop cultivation, in particular, rice growing (80% of total revenue) and wheat growing and sales 910-15% of total revenue). Tsimlyansky is a member company of AFG National Group, 82.6% owned by AFG National LLC, the core operating company of the Group. Therefore, the Group is Tsimlyansky's uiltimate owner.
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